< The 2015 Trading Technology 40: Going with the Flow

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Tyler Moeller
and Joshua Walsky
Chief Executive Officer
and Chief Technology Officer
Broadway Technology
Last year: 19

It may seem topsy-turvy when venerable financial institutions are turning to software entrepreneurs to cut through regulatory and market structure thickets. But that is how 11-year-old Broadway Technology, with Goldman Sachs Group as a lead customer and investor, has made its mark. Co-founders Tyler Moeller and Joshua Walsky combined computer science backgrounds — they have master’s degrees from Massachusetts Institute of Technology and Cornell University, respectively — with programming work at a dot-com flameout (CarOrder.com) and a proprietary trading venture (KATS) to create a high-performance platform initially for fixed-income markets. The technology, known as TOC, had multi-asset-class flexibility built in and has migrated along with its customers into foreign exchange and swaps. Broadway is thriving as volatility returns and firms of all sizes have pent-up demand for systems to support their evolving agency or prop trading styles; CEO Moeller, 39, expects to add 30 to the New York-based company’s head count of 80 in 2015. The biggest companies that historically built in-house systems are taking a “build and buy” approach, he explains. They retain lean, highly expert development teams and off-load software maintenance and other tasks that Broadway can handle more economically. “We were a big-data company before people used that term,” notes CTO Walsky, 38. With that foundation, to meet surveillance and compliance needs, Broadway brought “a real-time, reactive monitoring system from concept to deployment in 2014.”

 
The 2015 Trading Technology 40


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Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
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Zef Nikolla
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Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
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Mark McQueen
12
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Margaret Fox
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
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Martin H. Simon
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Todd Plitt
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A.E. Fletcher Photography
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
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Photographer:http://www.digitalh
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Dennis Degnan
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Paul Elledge
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
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Picasa
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Andrew Harrer
30
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Takashi KATO
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
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unknown
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Douglas Kurn
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Luludi/LUZ
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William Neumann Photography
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
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Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software